Get an SBA Loan for Hardware Manufacturing

With these small business loans for hardware manufacturing, the SBA guarantees the lender that the loan will be repaid. This hardware manufacturing loan for $1,200,000 was given to a Minnesota entrepreneur in 2001.

This company knew how to go about getting a business bank loan. Based in Dassel, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Wells Fargo Bank, based in Dassel, Minnesota.

SBA Loan Borrower

COMPANY TYPE: HARDWARE MANUFACTURING
DASSEL, MN 55325

SBA Loan Lender

WELLS FARGO BANK
430 3RD ST
DASSEL, MN 55325

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332510 - Hardware Manufacturing

Loan Approval Date

12/6/2001

Loan Approval Gross Amount

$1,200,000

Loan Approval from the SBA

Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 27 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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